PBGC Provides Temporary Relief for Defined Benefit Plans That Have Not Paid Premiums | Practical Law
On January 31, 2012, the Pension Benefit Guaranty Corporation (PBGC) announced a voluntary compliance program for defined benefit plans that never paid required premiums to the PBGC. Under the compliance program, these plans will be allowed to pay the premiums without incurring penalties if the applicable requirements are satisfied.